Macro EconomyMedium•12 November 2026•
1 min read
New Zealand Manufacturing PMI Eases to 54.9 in October
Key Facts
1New Zealand's seasonally adjusted manufacturing PMI fell 1.4 points to 54.9 in October from 56.3 in September.
2This marks the 16th consecutive month of expansion for New Zealand's manufacturing sector despite the slight easing.
3Survey respondents cited rising fuel prices, cost of living, and election uncertainty as primary negative factors.
New Zealand's seasonally adjusted manufacturing PMI fell 1.4 points to 54.9 in October from 56.3 in September. BusinessNZ reported that this marks the 16th consecutive month of expansion for the manufacturing sector despite the slight easing in momentum.
Survey respondents cited rising fuel prices, cost of living, and election uncertainty as primary negative factors impacting the sector. This data follows a 0.7% decline in monthly retail sales recorded on November 11, 2026, indicating broader headwinds in domestic demand.